Controlled Open Economies: A Neoclassical Approach to Structuralism

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This book develops macroeconomic theory for small open economies characterized by the sort of controls which make much of existing neoclassical economics inapplicable to developing countries. It distinguishes between sustainable combinations of policies and incompatible control regimes. The authors analyze the changes needed to maintain compatibility and the consequences of failing to do so. They also consider optimal investments in response to a temporary shock. The second half of the book contains an analysis of two ...

Controlled Open Economies: A Neoclassical Approach to Structuralism 1994, Oxford University Press, USA, Oxford

ISBN-13: 9780198287834

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Controlled Open Economies: A Neoclassical Approach to Structuralism 1991, Oxford University Press, USA, Oxford, England

ISBN-13: 9780198286202

Hardcover

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